MAY 2020 – EGYPT TAX CHANGES EFFECTIVE 1 JULY 2020 It is important that employers note the following: Changes to Income Tax Rates and Personal Reliefs On 7 May 2020 the Egyptian Government issued Law no. 26 of 2020, amending certain provisions of the Income Tax Law No. 91 of 2005 as follows: Article (8)...
Monthly fixed cap for social security contributions increased Two significant changes regarding the mandatory monthly contributions due from employees and employers have been introduced by the Egyptian government. Only Egyptian nationals are required to make contributions, unless a reciprocal social security agreement with another country applies. Both the employer and employee must contribute to the...
